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How to Choose the Best Car for Your Budget

A car loan should be for no more than three years and comprise no more than 20% of the monthly

budget.

Buying a car is an exciting endeavor. Ho e er, it’s eas to get s ept up i the e ite e t a d forget the udget. It’s i porta t the udget is set efore egi i g the sear h. Ma e perts suggest a ar loa

should be for no more than three years and comprise no more than 20% of the monthly budget. When

creating the budget for a new car, it should also include the insurance, maintenance, repairs and fuel

costs. It is best to plan buying your car well in advance. This allows time to improve credit and save for a

down payment.

Once the budget is set, start the search online and be open-minded. Take a look at both new and used

cars. By widening the search, there are more options available. For example, you may be able to afford a

two year old luxury car rather than a brand new economy car. However, there are several other factors

to think about as well including lifestyle, safety, appearance, and comfort.

A new car will cost more initially, but the upkeep for a used car will likely be even more during its

lifetime. There are benefits and drawback to both new and used cars.

The major benefits of buying new include being the first owner, not worrying about immediate

maintenance, and it will be safe and comfortable. Used cars have their own benefits including lower

Insurance costs, the ability to afford a larger or more luxurious car, and the depreciation is less than that

of a new car.

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Drawbacks for new cars are the immediate depreciation, upfront cost, and higher insurance. For a used

car, one needs to worry think about the history of the car (repairs, etc.), less conveniences in

comparison to a new car, and a shorter warranty period.

In the end, it is a matter of personal taste. As long as the car for sale is within the budget, it is best to

select the car that is best for your lifestyle. Whether your favourite car is new or used, choose a car you

will enjoy driving for several years.

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About

motoraty.com is a premium destination in the Middle East where we make car buying so easy. We

at motoraty.com have engineered the way online car shopper can navigate, search, and find what they

are looking for.

motoraty.com offers credible and easy to understand information from consumers and car experts to

help car buyers formulate opinions on what to buy, where to buy and how much to pay for a new or

used car. With comprehensive pricing information, dealer reviews, car comparison tools, financial tools,

and a rich multimedia section that includes photo and video galleries, and unbiased editorial content. In

addition, motoraty.com offers the latest car news locally and globally.

With a detailed car section and comprehensive information, motoraty.com put car buyers behind the

wheel, and in control.

Motoraty.com was launched in June 2013, and it is available both in English and Arabic languages.

Founded by Johny Giacaman who has extensive experience in digital media.

More details about Johny Giacaman